 "Cardamom up 1.7% on upsurge in spot demand")
Cardamom prices rose 1.70% to Rs 814.10 per kg in futures trading today as speculators created fresh positions after upsurge in demand in the spot market supported by ongoing marriage season.
Tight stocks position in the physical market following restricted arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 13.60, or 1.70% to Rs 814.10 per kg in business turnover of 411 lots.
Market analysts said fresh positions built-up by speculators following upsurge in demand in the spot market against restricted arrivals from producing regions mainly pushed up cardamom prices at futures trade.
Tight stocks position in the physical market following restricted arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 13.60, or 1.70% to Rs 814.10 per kg in business turnover of 411 lots.
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Similarly, the spice for delivery in February edged up by Rs 3.50, or 0.51% to Rs 695.80 per kg in 4 lots.
Market analysts said fresh positions built-up by speculators following upsurge in demand in the spot market against restricted arrivals from producing regions mainly pushed up cardamom prices at futures trade.